Thursday, February 5, 2009

I firmly believe that we are a product of three things

1. The people we associate with

2. The books we read (or education we get through other sources).

3. Environment

The current economic enironment could be quite depressing particularly if we listen to the journalists. But when it comes to journalism "if it bleeds it leads", the worse the story the bigger the headline.

But be aware that by definition recession is an assesment of what happened in a previous quarter (or a previouos two quarters to be precise)... a recession is defined as a reduction of a country's gross domestic product (GDP) for at least two quarters.

You can only look at the previous quarter after it is passed. So you could be in a quarter of unprecedented economic growth when everyone is talking about recession which in fact refers to the two previous quarters.

We do not have to define our selves by what happened in the past and it is our choice to do so or not to do so......we can choose to look for new opportunities, better opportunities right now or we can choose to go with the flow and participate in the mass depression (psychological not economic).

Personally I am looking for new opportunities and better opportunities.

But I am not burying my head in the sand, my businesses have had to adjust, credit control has become a major issue as or course has cashflow.

Perhaps now is time to read more and associate with better people in an attempt to reduce the negative influences of the current environment and to that end following are

10 Great Quotes From 10 Great Business People

1. Jim Rohn : “Formal education will make you a living; self education will make you a fortune.”

2. Henry Ford : “Paying attention to simple little things that most men neglect makes a few men rich.”

3. Walt Disney : “All our dreams can come true - if we have the courage to pursue them.”

4. Peter Drucker : “Business has only two functions - marketing and innovation.”

5. Edwin H. Stuart :“Men who do things without being told draw the most wages.”

6. Vincent Lombardi : “Winning is a habit. Unfortunately so is losing”

7. J. Paul Getty : “To succeed in business, to reach the top, an individual must know all it is possible to know about that business.”

8. Sam Walton : “High expectations are the key to everything.”

9. Steve Jobs : “Your time is limited, so don’t waste it living someone else’s life.”

10. Warren Buffett :“I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.”